Independence Realty Stock Target Price and Analyst Consensus

IRT Stock  USD 19.96  0.40  1.96%   
The current analyst and expert consensus on Independence Realty is Strong Buy with 4 hold recommendations. The current projected Independence Realty target price consensus is 20.09 with 12 analyst opinions. One of the most common ways Independence Realty Trust analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Independence Realty vendors, executives, and/or customers. Independence Realty recommendation module provides expert sentiment on the projected Independence Realty Trust target price to derive its highest and lowest estimates based on target price standard deviation. Check out Macroaxis Advice on Independence Realty to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
18.28
Highest Forecast
22.3
Target Price
20.09
Operating Profit Margin is likely to gain to 0.29 in 2024, whereas Gross Profit is likely to drop slightly above 103.4 M in 2024. At this time, Independence Realty's Total Liabilities is comparatively stable compared to the past year. Total Current Assets is likely to gain to about 364.4 M in 2024, whereas Cash And Short Term Investments are likely to drop slightly above 14.2 M in 2024.
  
It's important to approach Independence Realty's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Independence Realty price targets

Independence Realty's stock target price is an estimate of its future price, usually made by analysts. Using Independence Realty's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Independence Realty's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Independence Realty's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Independence Realty Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Independence Realty is a key component of Independence Realty valuation and have some predictive power on the future returns of a Independence Realty.
Hype
Prediction
LowEstimatedHigh
18.5619.9521.34
Details
Intrinsic
Valuation
LowRealHigh
18.7420.1321.52
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.060.070.07
Details

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Additional Tools for Independence Stock Analysis

When running Independence Realty's price analysis, check to measure Independence Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Realty is operating at the current time. Most of Independence Realty's value examination focuses on studying past and present price action to predict the probability of Independence Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Realty's price. Additionally, you may evaluate how the addition of Independence Realty to your portfolios can decrease your overall portfolio volatility.